Regulatory Alert
MIAX Options
February 08, 2016 | 01:27 PM
Amendments to MIAX Rules 503 and 515 Regarding Handling of Non-Routable Orders During Openings on the Exchange
MIAX has received approval from the Securities and Exchange Commission to amend Rules 503(f), Opening Process, and 515(c)(1)(ii)(B), Managed Interest Process for Non-Routable Orders, to provide clarity to MIAX participants regarding the manner in which non-routable or Do Not Route orders that are not executed during the opening on the Exchange are handled.
This is a clarification of existing Exchange System functionality.
Please refer to MIAX Regulatory Circular 2016-07 for further information.
Questions should be directed to the Regulatory Department at (609) 897-7309 or Regulatory@miaxglobal.com.